Nifty Ends marginally lower; Nifty IT Index Surges over 3%

Nifty ended marginally lower at 23,618 amid a volatile, range‑bound session, as intraday gains faded during the second half. IT stocks outperformed sharply, driving sectoral gains, while financials and metals lagged. Broader markets showed resilience, with mid‑ and small‑caps advancing and market breadth improving.

The rupee touched another record low before closing slightly higher, pressured by import costs and persistent dollar demand.

Technically, Nifty remains in a consolidation phase, with immediate resistance near 23,800 and support positioned in the 23,262–23,317 zone, reflecting the absence of a clear directional trend.

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